NEWS AND RESEARCH

30 May 2024 Comments
An authorised representative of Capstone Financial Planning has been permanently banned for misappropriating more than $650,000 in client funds.
Insignia’s advice reorganisation could solidify its reputation as Morningstar warns the firm’s brand integrity and profitability are at risk from…
Financial advisers report experiencing trust issues from consumers still distrustful after the Hayne royal commission and in their own staff, but…
Former ASIC deputy chair Peter Kell is to chair the Australian Financial Complaints Authority’s consumer advisory panel.
Former Pendal manager Vimal Gor has returned to bonds as head of fixed income and multi-asset at Ellerston Capital, just months after joining a…
ASIC has suspended the AFS licence of a Melbourne fund manager responsible for six managed investment schemes.

TOP PERFORMING FUNDS

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INVESTMENT INSIGHTS

FINANCIAL PLANNING

An authorised representative of Capstone Financial Planning has been permanently banned for misappropriating more than $650,000 in client funds....

Insignia’s advice reorganisation could solidify its reputation as Morningstar warns the firm’s brand integrity and profitability are at risk from declining adviser number...

Financial advisers report experiencing trust issues from consumers still distrustful after the Hayne royal commission and in their own staff, but overall trust levels are...

Former ASIC deputy chair Peter Kell is to chair the Australian Financial Complaints Authority’s consumer advisory panel....

Dixon Advisory is to be expelled by the Australian Financial Complaints Authority, preventing any new complaints being made against the firm....

PEOPLE & PRODUCTS

Research house Genium Investment Partners has made a third appointment from Morningstar in less than a year to work in its newly-launched research ratings division....

Iress has announced it is strengthening its security settings after suffering an unauthorised access of its systems over the weekend....

28 April 2024

Financial advice platform Otivo has made an experienced appointment from the US as its head of product strategy....

16 April 2024

Apostle Funds Management has appointed the newly created position of director, head of wholesale as the firm expands its Australian footprint in the wholesale sector....

15 April 2024

Recruitment manager Robert Half has shared the most in-demand roles in financial services that firms are finding difficult to fill, driven by ASIC’s growing focus on risk...

FUNDS MANAGEMENT

Real estate debt provider DWS has appointed Matthias Naumann as chief investment officer for real estate for Asia-Pacific. ...

Former Pendal manager Vimal Gor has returned to bonds as head of fixed income and multi-asset at Ellerston Capital, just months after joining a crypto advisory firm. ...

Principal Asset Management has made its Finisterre Emerging Markets Debt Total Return strategy available to wholesale and institutional investors in Australia. ...

ASIC has suspended the AFS licence of a Melbourne fund manager responsible for six managed investment schemes....

Schroders Australia has become the latest asset manager to announce changes to its Australian investment teams with head of fixed income Stuart Dear to depart after more ...

SUPERANNUATION

6 March 2024
1 Comments

The Albanese government has confirmed superannuation will be paid on the Commonwealth paid parental leave scheme from next year, addressing a longstanding “gender blind s...

31 January 2024

Total MySuper assets are approaching $1 trillion while the number of funds with more than six members has declined by 40 per cent over the last five years, according to A...

21 January 2024
1 Comments

SuperRatings has shared the top 10 balanced superannuation funds of the calendar year 2023, with the top two funds returning more than 13 per cent each....

17 January 2024

Super funds have delivered a strong 2023 calendar year result, bolstered by strong international share markets, successfully reversing losses of 4.6 per cent in the previ...

10 January 2024

Money Management explores four key superannuation fund mergers expected to finalise this year, including two mergers with Australian Retirement Trust. ...

LIFE/RISK

Policy and advocacy specialist Benjamin Marshan has left the Council of Australian Life Insurers after less than a year, having joined in March from the Financial Plannin...

The declining volume of risk advisers meant KPMG has found a rising lapse rate for insurance policies arranged by independent financial advisers, particularly in the TPD ...

The Life Insurance Code of Practice has transferred from the Financial Services Council to the Council of Australian Life Insurers....

The firm has announced it will no longer be writing new life insurance policies in the retail advised and corporate group insurance channels, citing a declining market an...

ASIC has issued its first interim stop order on two life insurance products from ClearView Life for DDO failures....

ACCOUNTING

28 August 2022

Australian Ethical has reported its net profit after tax (NPAT) fell 15% to $9.6 million for the year ended 30 June, while its underlying profit after tax (UPAT) declined...

25 August 2022

Insignia Financial has announced a 59% increase in its underlying net profit after tax (UNPAT) to $234.5 million in FY22....

3 February 2022

Having completed their educational qualifications, those advisers who remain in the industry are reporting being “run off their feet” with new clients....

29 September 2019

With October being Mental Health Month, it’s a good opportunity for people in the profession to look out for each other’s mental health....

28 May 2019

The Administrative Appeals Tribunal has rejected an application by a former tax agent to stay a Tax Practitioners Board decision to terminate his registration with the ma...

POLICY & REGULATION

Treasurer Jim Chalmers has handed down his third budget, outlining the government’s macroeconomic forecasts and changes to superannuation....

The central bank has announced its latest rate decision amid stubborn inflation and increasing geopolitical tension....

Government has introduced a bill to Parliament to legislate the first stream of the QAR reforms....

ASIC now has a 1:1 ratio when it comes to court success in the enforcement of crypto activities and more action is expected as Treasury seeks to introduce a regulatory fr...

A leading governance body has hit out at “specialist interest groups proposing ad hoc law reform” when it comes to reforms of financial services legislation and believes ...

 

MARKET INSIGHTS

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Bob Duruncle

Closing MLC Wrap and forcing clients into an inferior platform was not a good start. In 2024 it's amazing that their new...

1 hour ago
John Hall

How about, like everywhere else in the world, we let PI insurers deal with events like this, rather than having financia...

15 hours 28 minutes ago
Rob

Hello, nice article. So, pave will be sold on the ASX?...

16 hours 20 minutes ago

Underestimating the cost of insurance by almost $75,000 in a Statement of Advice is among multiple reasons that a relevant provider has faced action from the FSCP. ...

4 weeks 1 day ago

A former financial adviser has been banned by ASIC from providing financial services for inappropriate advice, among multiple breaches....

1 week ago

Treasurer Jim Chalmers has handed down his third budget, outlining the government’s macroeconomic forecasts and changes to superannuation....

2 weeks 1 day ago